SBP Unveils Zero-Markup Financing Scheme for Electric Bikes and Rickshaws to Drive Green Mobility
The State Bank of Pakistan (SBP) has introduced a new zero-markup financing scheme to promote electric bikes and rickshaws nationwide, aiming to reduce fuel dependency and accelerate Pakistan’s shift toward eco-friendly transportation. The initiative targets over 116,000 e-bikes and 3,000 e-rickshaws in 2025–26, with inclusive financing terms and full markup subsidy by the federal government.
SECP Approves Digital Lending License for Foremost Financial Services, Paves Way for Instant Finance NBFC Entry
SECP has issued an NBFC license to Foremost Financial Services for digital nano-lending and approved Instant Finance’s entry into the sector, signaling growing investor confidence and advancing digital financial inclusion in Pakistan.
UBL’s Profit Soars 106% to Rs65 Billion in First Half of 2025, Driven by Robust Interest Earnings
United Bank Limited (UBL) has posted a hefty 106% year-on-year rise in net profits to nearly Rs65 billion for the first half of 2025, supported by a strong surge in interest income and healthy payout to shareholders.
Raast QR Payments Now Available in Mandis Across Pakistan: Faysal Bank Launches Cashless Eid Payment Solution
Faysal Bank introduces Raast QR payments across major Mandis in Pakistan, offering a safer, faster, and cashless method for Eid shopping. The initiative aligns with State Bank of Pakistan’s digital financial services push and provides consumers with a new avenue for secure transactions.